The global cryotherapy market is projected to reach USD 274.8 Million by
2022 from USD 180 Million in 2017, at a CAGR of 8.8% during the forecast
period.

The growth of this market is majorly driven by factors such as growing
incidence of cancer and cardiac conditions; increasing demand for
minimally invasive procedures; technological advancements in cryotherapy
equipment; and growing popularity in the beauty, wellness, and fitness
industries.

North America is expected to account for the largest share of the market
in 2017. The large share of this region can be attributed to the
increasing popularity of cryosaunas and rising prevalence of CVDs and
cancer in the US, along with the increasing number of cardiac arrest
cases in Canada.

Hazardous effects of cryogenic gases and stringent regulatory approvals
could be challenging factors for this market.